Member Info for Pilsbury7

SP. I agree with you on all counts.

SenatorPrime.......... What do you think will happen if the Farmout deal fails?

Glennhoss. I had enough money in the bank not to sell when the shares hit 30p (I had 500,000 shares) so I wasn't fussed........sorry I don't play cards or touch casino's although I do play golf for a few quid. As I said better days are coming and Mike Buck is the right man for the job. I love the idea of naming one of the drill sites after WOS.......brilliant......... Enjoy your weekend and chill!

Mike Buck resigned from the board and was then re-elected - he is going no where. Mike Buck believes in a bright future for Petro Matad which is why he has bought shares out of his own pocket. We are still in the embryonic phase with so many work streams still taking form. If you don't like what is happening sell up and move. I'm staying as I know after eight long years better days are coming and Mike Buck is the right man to deliver!

Thanks SP (WOS) I think we are on the same page and as you say it's great to have a 'grounded' view based on practical experience in Mongolia...thumbs up!

I do hope I'm wrong but I think we will learn on Tuesday a few positive things whilst the major news will be that negotiations for the Farmout are still ongoing..............Petro Matad have a proven track record of getting there in the end after battling through treacle to get there.

Yesterday I played golf with of my wealthy friends who was involved in negotiating / contracting heavy and deep mining in Mongolia. Through our discussions he described exactly the same problems in the mining industry as we have experienced in the Mongolian oil industry. Beaucratic, archaic, 13th Century land laws, restrictive practices and tribal land laws underpinned by the legacy of Communism. The icing on the cake is then having to negotiate with the Chinese. My friend gave a rather rye smile when I explained the history of Petro Matad and the problem encountered over the last eight years.

Good news is he did say things tend to workout in the end............It might be a case that Mike Buck is burning the midnight oil to get things over the line before the AGM or he might just be pulling his hair out............just one more time.........

Mike Buck has just phoned me to say the cheque is in the post.........Rocket time, Boom....🤣

Dan

Apologies, your last two posts are confusing. The hypothetical timeline suggests the whole process takes 4 yrs from start to finish?

What is the relevance of the foreign loan law falling through?

BroBarker - This list of statements from WOS / SenatorPrime is perfectly true - a very good example: If, and when a poor example arrives I'll let you know. .... Pilsbury7

Glad people are admitting we have a healthy cash base from the continued incoming Revenue - I wouldn't want to be trying to juggle here, when a 'transformational' Farm Out is due any day - Just to help more objective analysis, let's look at what we have currently and beyond the clumsy deramping attempts:

- FARM OUT discussions being concluded (as per official RNS), to majorly upscale Production

- GOBI Well Testing (paid for), with Hydrocarbon presence already detected & resource estimates (if commercial) 150% bigger than Heron

- ASSET VALUE (in ground) of Heron alone, (many) multiples of current Mkt Cap

- ZERO DEBT/ 100% OWNED / Already producing enough to cover general operating expenses off just H1 & Gazelle 1, with many, many more wells anticipated off Farm Out deal linked to forward development rollout

- RENEWABLES $Billions moving into the sector with Petro Matad JV (SunSteppe) at the heart of it & its CEO the Govt Special Advisor on Renewables, so perfectly positioned ex she negotiated the EU $2Billion investment & the ACWA $10 Billion, with the first Hybrid Project build ready this Q2/Q3OVERVIEW

Thanks BroBarker. Most investors who post to this board will know that WoS senatorprime is a paid ramper. Petro Matad currently have positive revenue cash flows for day to day business whilst lacking the ability to scale up the production side of the the business as they don't have the operational infrastructure or Capital financial leverage. Therefore they are reliant on third party options to scale up the business.

Anything stated by Rampers v De- Rampers is pure speculation until the next RNS arrives as there are so many plates spinning in the air at the moment.

WoS senatorprime often states the truth although there is often a sprinkling of Bull Shxt. If you have access to BBC i player watch "The Capture" where true events are manipulated for the purpose bending the law!

BroBarker - Why are going on about Resolution 4 and 5 ?

Thanks as usual SP (WOS) for your views on AGM :) Pilsbury

SP (WOS) Any thoughts on when the AGM is likely to take place?

thanks

Luckily it was final salary and index linked! Have a great day TBT......

If your talking to me TBT it was an investment not a trade as I don't need to make money trading shares when I retired at the age of 53yrs on a nice pension!

Thanks SP (WOS) very helpful. As you may already know I have been here for at least 7 years so I should have paid for my car by now!! :)

Morning SenatorPrime (WOS)

I asked you this question two days ago and still await your reply. When do you think the AGM will be held? and will it be after a major announcement? What do you think will be said?

Senator Prime (WOS)

When do you think the AGM will be held? and is it likely to be held after a big announcement? I would think we are getting very near to AGM deadline??

We must be getting near to the next AGM?

I would like think that the situation regarding the Farm Out arrangement will be made public before the next AGM. When ever that may be?